March 6, 2014 – Stock Market News Today’s Hot Asset – Lukoil RS Stocks in Asia traded modestly higher during today’s early trading session. Stocks in Japan performed the best; as investors witnessed the Japanese Yen weaken against the U.S. Dollar. The depreciation was a major factor in creating the gains today, as it lifted […]
Gold price rose on concerns over labor market. Yesterday ADP nonfarm payroll data came in at below estimates. The US economy added 139,000 private sector jobs in February, well below the average over the last 12 months. Small businesses added 59,000 jobs, while medium businesses increased employment by 35,000 and large businesses created approximately 44,000 […]
With violence across the eastern region of Ukraine, Russia mobilized troops to the Crimea peninsula. Despite the fact that Russian President Vladimir Putin said he would use force as a “last resort,” the move has impacted many markets, including oil. People who partake in crude oil trading should pay close attention to the situation in […]
Technical outlook and chart setups: 1. Silver might have formed a lower top at $21.70 or it would form at $22.00 level, before reversing lower towards $20.50/00. It is recommended to remain short and also look to sell rallies through $22.00 today. Risk remains at $22.50. 2. Immediate resistance is at $23.00, followed by $23.50 […]
Technical outlook and chart setups: 1. The metal remains unchanged after producing an engulfing bearish candle earlier. Currently trading at $1,337.00/38, Gold is expected to rally through the $1,345.00/50.00 region today before reversing lower. It is recommended to remain short and also look to add further at above levels. Risk remains at $1,359.50/61.00. 2. Immediate […]
GOLD: With downside pressure fading, risk of a return to the upside towards the 1,354.63 level, its Mar 03 2014 high is now developing. A cut through here will aim at the 1,400.00 level where a break will trigger further upside towards the 1,450.00 level, its psycho level and possibly higher towards the 1,500.00 level, […]
Overview According to our last week expections, the price’s close below the Support level of 21.25 will give new opportunities for sell signals. Currently, the metal has already managed to close below the Support level to trade below and open the way towards the support level of 20.90 as the first target, then the metal […]
Overview: Since our last analysis, gold has been trading sideways, around the price of 1,331.00 on high volume, our previous analysis is still active and buying at this stage looks risky. The Gold is around our critical resistance area, the price of 1,338.00. We got FR 61.8% at the price of 1,338.00 and if that […]
March 5, 2014 – Commodities News Hot Asset For Today: Gold Gold was little changed on Wednesday following sharp overnight losses as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine. Gold prices had gained nearly 2 percent on Monday to afour month high on increasing tensions between Russia and […]
Gold price reversal from $1,354 to $1,331 could be the entire short-term downward reaction, before bulls come back and push prices higher. The trend remains up as long as Gold price remains above $1,320 with the $1,360-70 target. Gold price continues to fight the 61.8% Fibonacci retracement resistance and that is why it has stuck […]
Yen pairs rise as Ukraine tensions ease Morning Report: 09:00 London • This morning, markets have continued to rebound from Monday’s shock sell off with commodities and commodity related currencies leading the charge. • Stock markets saw a huge rally yesterday and are now in danger of looking a little too hot. […]
Gold traded beneath the highest point in more than four months as upheaval between Ukraine and Russia alleviated, holding demand for wealth protection. Bullion to be delivered immediately settle at $1,334.81 per ounce at 8:39 a.m. in Singapore, previously $1,334.34 yesterday, when prices dipped 1.2%, the highest since January 30. The metal increased to $1,354.87 on March 3, […]
Investors who trade gold may want to keep an eye on the situation in Ukraine, as it is having an impact on the commodity. With tensions high in the Crimean peninsula, gold futures increased to a 17-week high, as investors sought a haven from other markets that could be negatively impacted by military action. However, […]
Due to the Ukrainian worries, gold opened a gap up on Monday and flew to a new high this year. But within one day, the demand cooled after Russia appeared to ease its stance regarding the situation in Ukraine, as a result, gold price erased all of the previous session’s gains. In yesterday’s trading session, […]
Technical outlook and chart setups: 1. Silver remains on track towards at least $20.50 and further towards $19.50 (please note that the rising trend line is passing around $19.50). It is recommended to hold short positions at the moment, risk remains at $22.50. 2. Immediate resistance is at $23.00, followed by $23.50, while supports are […]
Technical outlook and chart setups: 1. Gold seems to have reversed just ahead of major resistance at $1,361.00 yesterday. The metal has produced an engulfing bearish candle, hinting that the next move is lower. It is recommended to initiate short positions around $1,345.00/50.00, risk remains at $1,362.00. 2. Immediate resistance is at $1,361.00, followed by […]
Overview: Since our last analysis, gold has been trading downwards, the price tested the level of 1,331.58 on high volume. Our previous analysis is still active and buying at this stage looks risky. The Gold is around our critical resistance area, the price of 1,338.00. We got FR 61.8% at the price of 1,338.00 and […]
Gold prices were seen trading lower on Tuesday after the news that Russia had halted its military and asked its troops to return back to base. Gold futures for April delivery lost 0.78% to $1,339.80 an ounce on the Comex in New York at the time of writing. While futures for Silver declined 0.96% to […]
Financial markets often turn just when the majority least expect it. Such was the case when gold hit its all-time high in September 2011, and, at its most recent low in December 2013. Now that the precious metal just hit a four-month high, EWI’s Financial Forecast Service tells you what to expect next. What’s next? […]
Advances in everything from gold to oil pushed commodities to the topmost mark since September as Ukraine’s turmoil increased the appeal of haven assets and fueled concern that energy and agricultural supplies will be interrupted. The Standard & Poor’s GSCI Spot Index of 24 raw materials spiked up as much as 2.1 percent to 663.48 […]
Goldman Sachs Group Inc. anticipate that Russia will contain decline in the ruble as policy makers promised to curb volatility after ratcheting up interest rates and merchandising billions of dollars in the money market yesterday. Bank Rossii, which ING Groep NV estimates merchandised as much as $12 billion yesterday, stated that it will begin setting […]
Stocks backslide, with an index of global equities plunging down the most in a month, while the ruble losses stability to an all-time low as Russia’s growing military presence in Ukraine triggered an emerging-market selloff. The yen, U.S. Treasuries and gold rallied as investors sought havens. The MSCI All-Country World Index sagged down 1.2 percent […]
Russia Pulls Back For Now… Morning Report: 08.45 London • What crisis? That seems to be the view of markets this morning as traders bet the situation in Ukraine will blow over. US stock markets are pushing back to towards the highs, while precious metals are giving up most of yesterday’s gains. Putin has ordered his […]
With tensions in Ukraine providing increased volatility in the markets, Gold price pulls back towards the $1,330-20 support zone. In our last analysis, we mentioned that a pullback towards $1,335 was very possible and that would be a buying opportunity as stop level for bulls was close by. We are buying Gold below $1,340 with […]
March 4, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold reached a new 4-month high yesterday ($1,355/ounce) as the tension in Ukraine continued increasing appetites for safe-haven assets. The price remained high until 6.00AM (GMT) but as the European session started investors took profits sending the price all the way […]
March 4, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold touched yesterday its new 4-months highs ($1,355/ounce) as the tension in Ukraine has continue and that increased appetite for safe-haven asset. The price held high till 6.00AM (GMT) but as the European session started the investors took their profit sending […]
Gold was near the highest level in more than four months as investors counted the turmoil in Ukraine versus hints the rally was exaggerated and physical buying in China slowed down. Bullion to be delivered immediately traded at $1,349.81 per ounce at 11:43 a.m. in Singapore, previously $1,350.58, when the metal hit $1,354.87, the highest peak since […]
Gold rallied to new highs. Again gold proved itself as a safe heaven bet. Due to the Ukraine crisis, gold moved higher to the level of $1,355.0. Gold technically looks very strong towards upside. Both daily and hourly momentum oscillators were in overbought zone, it permits gold to limited upside. On the upside, $1,361.0 is […]
Technical outlook and chart setups: 1. Silver is moving as per expectations and short positions might have triggered around $21.70/80 region. Minimum expectations are towards $20.50 level, before the bulls take back control. It is recommended to remain short for now, risk remains at $22.50. 2. Immediate resistance is at $23.00, followed by $23.30/50 and […]
Technical outlook and chart setups: 1. Gold is nearing major resistance level at $1,361.00, taking our stops out at $1,349.50 yesterday. It is recommended to remain flat for now. The bulls would possibly want to take $1,361.00 out before retracing lower. 2. Immediate resistance is at $1,361.00, followed by $1,375.00 and higher up, while supports […]
